How to Price Truck Parking: Step-by-Step Guide

Join us as we conduct live online research, analyzing key factors such as location, competition, and amenities to establish pricing benchmarks.
We guide you through the process of deciphering rates and developing effective pricing strategies for truck parking lots.
Whether you're a seasoned investor or new to the industry, this video provides valuable insights to help you navigate the complexities of truck parking pricing.
Link to my quick price research tool
docs.google.co...
Schedule a video consultation
calendar.app.g...
We understand your goals because we're investors too. We deliver actionable legal advice and can help you reach your investment goals. From the entity formation, Partnership Agreements, title/survey and supporting during operations and NNN leasing, we're the best law firm for you. Licensed in Florida and Texas, but serving clients nationwide.
We use Riverside FM for interviews www.riverside....
FREE LEASING ASSESSMENT
mailchi.mp/ron...

[@RonaldRohdeLaw]

Looking to start investing in truck parking, check out my truck parking course with never before seen videos, workbooks, and all you need to get started! iitp.circle.so/join?invitation_token=6e04caa380254b8433007fbdaf66411dd8b991c6-39e082df-4ddf-42d2-8821-3fbc936fe774

[@Retipster]

Great walkthrough! Thanks for putting this together.

[@RonaldRohdeLaw]

I really appreciate that! love the comments

[@industrialize]

Great breakdown of your process!

[@RonaldRohdeLaw]

Thanks Chad! Just an intro. First level look

[@jasminemcswain8032]

What are the best software or equipment needed to accept payment when they get on site or make reservations?

[@RonaldRohdeLaw]

If you’re on site, stripe or square offer credit card readers that connect to a phone.
For the inventory management side, we recommend Rig Hut software

[@FrankKriticos]

I live in Nashville and am looking at a potential 4.5 acre lot. I rent from two truck yards currently which is why I’m looking at buying.

[@RonaldRohdeLaw]

is it improved ? or raw land?

[@FrankKriticos]

@@RonaldRohdeLaw raw land. Half is gravel. Was used as a shipping container storage. I’d like to add fencing, lighting and security. Zoned heavy industrial. Just worried about the unexpected costs ie surveying/environmental etc. great channel btw

[@rickibro3523]

While your analysis provides good information on the market price and would be helpful for the truck driver, there is so much more that goes into this. From a business investment point of view you would need to look at the property capital investment and location. Parking is more viable in city center locations. Truck drivers consider it a cardinal sin to pay for parking. That is why most truck stops outside of city locations do not charge. It’s all about the timeline to recoup your investment. Example; in the Orlando market if you are lucky you will pay $600K an acre. At say 35 trucks an acre at say 4 acres, taking into account the traffic flow you might end up with 70 to 80 spots. When you do the math on both sides it’s pretty tuff to make money charging anything under $20 per day. You would lose your shirt because again you might get 80% occupancy if your lucky because truckers first inclination is that parking should be free. I have been doing this for many years and lucky for me the land is free and clear and I have other demand services and amenities that pulls the driver in.

[@RonaldRohdeLaw]

Hey Rick, really appreciate the detailed response! I agree totally on the daily parking market, its different from what we mostly do as month to month. Do you own daily parking/truck stop locations?

[@rickibro3523]

@@RonaldRohdeLaw Yes I do. Monthly parking is even more tricky depending on your CapEx. A mixture of both is more ideal.

[@RonaldRohdeLaw]

@@rickibro3523 Mixture sounds ideal to me, great points!

[@IL-2sturm]

Hey whats up man! Im looking to get into this line of business cool to see someone also whos been doing this for awhile it seems. Would love to connect and pick your brain on some ideas and do/donts. Let me know and i can send you my email to connect!

[@RonaldRohdeLaw]

@@IL-2sturm it can be very lucrative, good way to own appreciating land! email [e-mail]

[@kaingt3516]

How to turn yard to truck parking?

[@RonaldRohdeLaw]

I posted an entire video ! Actual Costs of Developing Truck Parking
th-cam.com/video/rPXHwXgqWs8/w-d-xo.html

[@cryptofreedom2226]

Great Great video help me allot as thinking about to start parking truck business ,,, wish I can hire you as advisor thank you

[@RonaldRohdeLaw]

Thank you, happy to help, email [e-mail]

[@RaniTomka]

Hello
I am trying to get into this business and i have couple questions. I hope to hear from you soon

[@RonaldRohdeLaw]

What can we help with?

[@RaniTomka]

I would like to start one in michigan and I wanted to talk to you privately by email or phone